Hey Traders,
It’s been over a year I dropped any analysis on a Monday, but I think it’s necessary today since Sunday was inactive.
Let’s hit the charts ladies and gents.
1. EUR/USD
The bears on the EUR/USD has been stopped by support level 1.21615
Price is presently gathering bullish momentum around resistance level 1.21855. A breakout means price will most likely visit 1.22048 as the next resistance level
2. EUR/JPY
For those traders who prefer a more long-term kinda trade, EUR/JPY is your best bet.
The ascending channel got broken last week, and what we can see now is a pull-back. However, later today or tomorrow may present selling opportunities, which may push price down to 132.108
What say you?
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